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to is saying, look, we took a big bet on this debt ceiling thing opening to use the mefrj to make the president agree to spending cuts. what house republicans want. it's not working. everything he wants meager spending reform, wants higher taxes or he's saying he seems to be willing to go all the the way to shut down default. lets he' step back and let him take control of this and consequences of the action of not dealing with real spending reform. >> paul: dan, sellout. is this giving up too easily as a lot of right wing,are saying? >> no, i don't think so, paul. i think they overestimated their ability to leverage the president into big spending cuts. somehow, it seems to me, behind all this have is a misunderstanding about the power of the presidency, it is vast and getting into a big fight over big spending cuts and let's make it clear here, we're talking about reforming entitlement spending, medicare, medicaid spending to try to get into a debt limit negotiation and force the president of the united states to reform medicare if he doesn't want to i think is fruitless and they discovered th
more on that later. but we begin with the big fight in washington growing more desperate as the august 2nd deadline to raise the debt ceiling approaches. the key question this morning will we to see any progress this weekend? we go live to the white house for more. are they working this weekend and might we expect more progress here? >> reporter: we'll to see. there's a lot of closed door negotiations. that's the phase we're in now. we're a day closer to what many experts have called a financial catastrophe, six closed door meetings that they had in the west wing. the focus turns to congress. whether or not they can reach a deal on a dramatically scaled back version, not that grand bargain, something smaller but do it in time for august 2nd when the country is due to run out of cash. taking his case public for the second time in a week, president obama accused republicans of refusing to compromise. >> the problem is members of congress are dug in ideologically into various positions because they boxed themselves in with previous statements. >> reporter: with the clock ticking towards w
hopes for a big deal to reduce the deficit and raise the debt ceiling. he also said what is on everybody's mind. >> we are running out of time. >> reporter: on that, republicans and democrats agree. >> there is no more road left to kick the can down the road. if we don't act in a timely way, bond markets will pistol whip us into doing what needs to be done. >> white house defines "timely" as a week from now. so wide are the differences after five straight days of talks that mr. obama sent the two sides to neutral corners to look where they might find common ground. >> you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised. through whatever mechmisms they can think about. >> reporter: the presidentthed come up with a plan to cut the deficit to reassure the market. with the world's three main credit agencies reviewing american's rating the downgrade would mean higher mortgage interest rate and higher loan on auto loan and credit card. >> which would be a tax increase on everybody. >> reporter: mr. obama said he put cut in social secu
and cut the loop holes that big corporations get and middle class get. john boehner said he doesn't have the vote to pass the deal that includes tax hikings. >> the president wanting the public to know that he is pushing that don't have the support to pass. >> republicans in the house want tax increases off of the table. the reason that the u.s. has a debt problem is not because americans are not paying enough to taxes but washington spends too much. >> the situation is gotten worse. in the first two years in office. discretionary spending sky rocketed 84 percent including the failed stim tim with the spending reaching 25 percent of the nation's out put. we haven't seen spending that live since world war ii. >> they intend to require the government to cap spending and set a higher thres hold of votes needed to raise taxes. china issued a warning to the white house. china said that meeting could harm the relations between the two count reese. the president said he didn't support tibetian independence but supports the protection and culture of the people. fox news is america's election hea
witt. first off for you this hour the big fight in washington over spending and the debt limit. as that august 2nd deadline to raise the debt ceiling grows closer. we go to the white house for more. >> reporter: good morning, richard. it's a day closer to what the president and many outside experts are calling a financial catastrophe and hope for a big deal, the so-called grand bargain appears to be all but lost. the action turns to congress and whether they can pass a scaled down version of debt reduction before the country runs out of cash. taking his case public for the second time in a week, president obama accused republicans of refusing to compromise. >> the problem is members of congress are dug in ideologically into various positions because they boxed themselves in with previous statements. >> reporter: with the clock ticking towards what the president described as are a ma fw -- armageddon, he's hoping a deal could still be struck. >> but we got to get started now. that's why i'm expecting some answers from all the congressional leaders sometime in the next calm of da
john boehner and president obama both talked of doing something big to change america's unsustainable economic path. what do you think? do you think that opportunity's lost? >> well, a week is a long time in politics. it can be a lifetime. i think what's now clear is that the big deal, the grand deal, the grand bargain of $4 trillion over ten years is dead, it's gone. i think the chances of getting a deal at $2.5 trillion or the middle-level deal, very unlikely because the president does not want to go that high without tax increases and republicans are not going to do it. here's the hard question i think that's coming up. the house republicans are now pushing a very, very tough deal through the house. over in the senate side, the republicans and democratic leaders are working together on a version of the mcconnell plan. and the president will accept that, as he said in his news conference friday. but whether the house republicans would accept that or not is a big, big question. it seems to me that's the lead horse, that's the lead solution right now, is a version of the mcconnell pla
of a shuttle bus to that collided with a big rig. it may have run a red light at the intersection of octavia and hayes yesterday morning. the crash killed dr. kevin mack. he's a 52-year-old ucsf psychiatrist and university profess sore. he was ejected -- professor. he was ejected and pinned underneath the big rig. he was pronounced dead at the scene of the accident. >>> families and friends said final good-byes at a funeral in santa rosa. the community shaken by the girl's death at a sleepover on sunday. police say she and three friends became sick after drinking vodka mixed with soda. initially the girls said they'd gotten food poisoning. raul was described as an excellent student due to start high school incomes mon-- next month. toxicology reports are expected next week. >>> mark luga was arrested for allegedly stealing a pablo picasso drawing from the weinstein gallery in san francisco last week. the judge denied a motion today reduce his $5 million bail. police say a surveillance camera caught luga leaving with the painting. police found other stolen artwork including another picasso pi
. -- 53-hour closure. >>> and the bay area has its own closure, although it is not nearly as big. highway 1 between lake street and the golden gate bridge will be closed in both directions from 8:00 p.m. saturday night through 11:00 a.m. sunday morning. the closure will allow crews to shift traffic to a new bridge. detour signs will be up to help you get around that construction area. >>> residents returned to their homes in one san mateo area after the search for a potentially armed suspect came up empty. they sealed off part of echo avenue for more than two hours tonight. the trouble started when a man suffered what appeared to be a stabbing or a slashing wound to his hand around 6:30. officers searched a home but did not find the suspect. >>> 22 san jose firefighters have been reinstated with money from the federal grant. this group of firefighters came back to the job in an official welcoming ceremony today. in all 47 firefighters were laid off last year, but the other 27 have found other jobs. their positions will be filled by new hires. but the joy did not extend to residents of the
, onewas coming to a a of the big interests in alo and huffington post, walter manchin the field, one of the first things that people said to me was, aol lost his way not because of the business model but because of the community and the ability for people to actually comment on what was happening. as i travel around, whether people commenting on articles they saw or things that they did, one of the most disappointing things that happened at the aol's community- based was not being able to comment. all the common in technology was stripped off of the company. we went from the most engage community to the least engaged in the world. i think that area and i brought that back. when aol went down, they took that away. a lot of the features in facebook were things that he grew up using on a a well. it's an important part of our business in the future. >> for those of us old enough, we remember when you dial up aol and you hear that iconic modem sound and the "you've got mail" peace. to go back to that, you have a startup incubating in a large corporation. is it important for the user to kn
to get into college and pay is perhaps their first big test in higher education. >> i couldn't be prouder of her and i know she's going to get where she's going to go. it will work out. everything happens for a reason. >> reporter: students at cal state schools are paying nearly four times the amount in tuition they were paying 10 years ago. a recent survey found more high school students are concerned about how they are going to pay for college than about actually getting into one. and how successful they will be once they are there. live in san jose, kimberly tere, nbc bay area news. >> difficult situation. thank you. tonight we know the maim of the woman whose body was found burning in a quiet street in oakland's rock ridge neighborhood. the medical examiner's office say she is 21-year-old monica of union city. her body found around 4:30 yesterday on ivanhoe road. police say she was likely killed somewhere else and then dumped in that neighborhood and lit on fire. officers say the suspects probably chose the neighborhood because it's dark and secluded during those hours. friends and fa
going on behind the scenes, no big meetings today, the president in his weekly address today laid out the stakes and again called for share sacrifice and that means in the white house, you're raising taxes on the wealthy. >> the truth is, you can't solve our deficit without cutting spending, but you also can't solve it without asking the wealthiest americans to may their fair share or without taking on loopholes that give special interests and big corporations tax breaks that middle class americans don't get. >> reporter: now those taxes that the president are talking about, a nonstarter with republicans, that is a sticking point. that is the impasse, the hurdle that they simply cannot clear. in the meantime, republicans are moving ahead in congress with a balanced budget amendment to the constitution. it is very much a long shot. they're moving ahead, here's orrin hatch explaining why. >> the only reason this administration doesn't want a constitutional amendment is because they want to keep spending the american people's money. and the only reason congressional democrats would refus
. in fact murdock's empire is so big, i, myself, i remember when -- >> my question to you, mr. mcmullen, if we can stick to this -- because i know that you and hue grant -- >> i was by murdock. again, little sympathy for stars who take the money for a 20th century fox picture. >> mr. mcmullen can you hear me? >> analyzing their private life, it hasn't caused change. this week, laughingly, but when hugh grant turned me over in the same way that i had -- >> producers, can we stop this, please? yes, i would like him to be able to hear me, so we're going to bring him back after the break, because he's not answering my questions, that's paul mcmillan who's a former news of the world reporter, he says that that type of behavior has been condoned and encouraged at his newspaper and others. when we can hear me we'll bring him back right after the break. >>> a kentucky woman is told to stop speaking in court and goes after the judge, it's all caught on camera, you're going to see how it all played out. and if you haven't heard of southern california's one of the major highways is shut down
are as far apart as ever on a plan to raise the debt ceiling. the president makes one last big push to get a deal done, but what happens to your bottom line if there is no deal? the effects are very real. >>> countdown. one of the most controversial figures in american life right now is just hours away from walking out of jail after being acquitted of murdering her toddler. what will casey anthony do now? can she go home? will she sell her story for a million dollars? we've got a live report. ♪ it's the end of the world as we know it ♪ >>> and carmageddon. los angeles is brought to a standstill as the busiest freeway in america is shut down overnight. millions of residents are now hunkered down in their homes refusing to go out. there are fears of gridlock, chaos and anarchy. really? ♪ light a candle >>> this carmageddon thing has the potential to be a huge mess, but we are also watching something truly extraordinary this morning. one of the most feared figures in the media world in full damage control. rupert murdoch, owner of fox news and "the wall street journal" here in the u.s.
're going to start with the big event in washington growing more desperate as the august 2nd deadline to raise the debt ceiling approaches. the key question will we see any progress this weekend. this as president obama warns that failure to take action could lead to serious financial fallout. >> we don't need a constitutional amendment to do our jobs. the constitution already tells us to do our jobs. we don't need more studies. we don't need more a balanced budget amendment. we simply need to make these tough choices and be willing to take on our bases. >> the republicans say they have a new long-term fix. a new amendment to the u.s. constitution. let's go straight to aaron mcpike. an issue of what is at stake today. a reporter with real clear pricks. what is this budget amendment? before we get to that, i want to show people what is at stake in terms of the numbers. $23 billion in social security payments. that's a payment that's on the united states' credit card bill. $87 billion that's another number that's being watched. august 15th also will come due $30 billion in interest paym
opportunity to do something big. >> suarez: but after five straight days of talks with congressional leaders, president obama conceded today something big remains elusive. >> we are obviously running out of time. and so what i've said to the members of congress is that you need, over the next 24 to 36 hours, to give me some sense of what your plan is to get the debt ceiling raised through if they show me a serious plan, i'm ready to move, even if it requires some tough decisions on my part. >> suarez: the president had previously insisted on extending the debt ceiling through 2012 past next year's election. but after thursday's talks, he settled for asking congressional leaders to review three options with their members. the first-- the so-called "grand bargain" that mr. obama favors-- would cut deficits by about $4 trillion dollars, including spending cuts and new tax revenues. a medium-range plan would aim to reduce the deficit by about half that amount. the smallest option would cut between $1 trillion and $1.5 trillion dollars without increased tax revenue or any medicare and medicaid cu
to do that. we have to be honest, you agree? >> yes! >> look, i'm a very big supporter of the military. you are going to tell me we spend more than 500 billion, we can't find ways? >> my brother was kill, special forces. you are telling me that we just killed the most evil person in the world, okay many he was sent there in 2005, in afghanistan. i found out later that he's hiding in pakistan. we need to support our military, our families and don't forget our gold star, honor and remember. >> agree with you 100%. you know how we can support them even more? is there any money wasted? you walk down this building. i believe in education. you know my background. i don't come from wealth. i came from a small school, put my own way through. i started a company, my own job at 19. i took the risk. >> are you saying the military is wealthy? >> no. listen to my point. you go down to the department of education building, the average salary there is over $100,000. what if that money was sent to the classroom instead of down the street? you agree? so how much money is spent in that pentagon and not
to other states and has been trying in a very big way of spreading the gospel of making it harder to vote all across the country. not just in kansas, but everywhere. earlier this week chris coback wrote urging politicians in other states to do what he and sam brownback have done in kansas, the case republicans broadly make for the urgent need for these new make it harder to vote laws is that voter fraud is wide spread across the country and a real threat. as evidence, there were 221 incidents of voter fraud reported in kansas between 1997 and 2010. seven of which yielded convictions. that's the evidence. 13 years, 7 convictions. convictions? detailed in a report from mr. coback's office in kansas. they consist of the following. one instance of electioneering, so campaigning too close to a polling place and six incidents of double voting, people voting in kansas or another state or two different counties in kansas. again, the seven convictions that are evidence to make voting harder is one case of electioneering and six cases of double voting. here's the thing, whether or not those seven c
the road so we did not end up in this fiscal mess. >> everyone is going to the movies and a big story in the country right now and it relates to what is going on in the debt battle, the white house versus congress right now, battling, and president and cantor, reminiscent to harry potter and it ends this week. there is president obama versus speaker boehner. >> it would be terrifying if they had magical powers. how scary. >> who would be harry potter? >>dave: we will give you an idea, we compared the two in a roll out of this battle versus harry potter. look at this. >> i've been hearing from my republican friends for some time it is a moral imperative to tackle our debt and deficit in a serious way so i have said to them, let's go. >> we are in a crisis. >> i'm voting "no," on the debt ceiling. >> failing to raise the debt ceiling would be armageddon. >> i will not sign a 30-day or 60-day or 90-day extension. >> this debt limit increase is his problem. >> failure is not an option. >> this could have been avoided. >> you think you can hold the government ransom? >> we will in the supp
not -- >> if that's the case you want to make, that's a big different case to make. but this is a christian facility. and they take medicaid patients. not necessarily for this procedure or treatment or whatever you call it. >> there's no evidence they were using medicaid payments for reparative therapy. >> she should be asked about this theory. she's a candidate for president. one out of ten americans is gay. she should be asked if she wants to lead a country where at least 10% of us are gay or lesbian, does she believe in this crack pot, bigoted theory that somehow there's something to be repaired in our brothers and sisters and sons and daughters who happen to be born gay? >> we'll have more with paul and ari after the break. we'll talk about the debt showdown. polls numbers the president used in support of his policies. frachkly the president's numbers simply don't add up. we'll show you that. let us know what you think. we're on facebook. follow me on twitter @ anderson cooper. later thousands of protestors in cairo's tahrir square. we'll tell you why they're happening now. but i did. they said
chart has given a lot over the years. we call it the big shot. in the last few years, change has happened in terms of the long-term stability, brief moments of disturbance, changes in 60 years of stability. we reinvented work practices and other practices. what has happened now is in the last 10 years, we are moving to a different kind of infrastructure proven by the digital loss of competition. now we find having a world in which we have constant disruption nearly every year. the challenge is how do you start to leverage that rather than fear that in terms of driving innovation in? it will not slow down for the next 30 or 40 years. let me say this personally. i can recapitulate the last 10 years of my life. it took me from this class to cloud computing come into graphic processing, that is scientific computing a fraction of the cost, now into a very limited form of competing. i have had to relearn almost everything i knew as a computer scientist. dealing with the plains regarding amazon and microsoft. i had to think about how to move these processing units. there are single proc
companies are earning big money. we've got a real problem here. we want to do the right thing and we want to protect people. that is the end of may. i call on senator ihop. >> i want to thank you for holding this important hearing. you and your staff to put a great deal of time and effort into preparing the investigative report the committee released today. i also want to thank those at the federal and state levels who have pushed for the legal action. i want to recognize a former colleague, lisa madigan, the attorney general in illinois who i worked with. she has been active in this field and i welcome heard here this morning. for more than a decade, new hampshire has had a primer for responding to a practice known as cramming. when i served as the state's top law enforcement officer, and oversaw an active protection -- consumer protection bureau which include the publication of consumer protection source book and brochures to provide individuals with information how to protect against cramming. in new hampshire, the public utilities commission is authorized to find service providers and
of the nature's most majestic creatures make their way to the big apple. >> rick: we begin with the debt crisis in our nation's capitol. negotiations on hold between president obama and congressional lawmakers today. instead, both sides taking to the air waves making their cases directly to the american people. as an important august 2 deadline fast approaches, molly henneberg is live from washington. hi, molly. so the president is pushing more of his you give a little, i give a little message today. what can you tell us? >> hi, rick. always nice to see you two. republicans are not really buying it, but the president said in his weekly radio address today that since he's willing to include cuts or, quote, reforms, to entitlement programs like social security and medicare, as part of a debt negotiation, which he says doesn't, quote, make folks in my party too happy, then he believes the gop should go along with certain tax hikes. the president is appealing to americans today to back his plan of what he calls shared sacrifice. >> we have to ask everyone to play their part because we are all part
! why is he introducing it? >> i think the president is acting in good faith. i think he wants a big deal. i think he will take cuts that contracts won't want and take taxes. because his presidency and the future of the country -- he believes -- [everyone talking at once] >> socialistic. that what you're saying. >> vaguely socialistic, yes. >> when they came out with the report he said -- >> what is that report? >> that's a report that deals with the long-term deficit problems of this country. >> they recommend taxation, do they not. >> they had a whole series of recommendations, and the president said i will stand by what they did, except they're still waiting for him to stand by them. >> he's never taken it seriously, in not in his budget, not in his budget state, know when bowl simpson came city. not when they wanted a clean debt limit increase. so that he is winning a debate over the fiscal future of the country is astonishing! and. >> but he's keeping something else off page one! what is it? >> this is a genuine. >> the unemployment problem? it doesn't even figure in this. >> co
is not succeeding right now because our military is too big. by the way, people call it this military, hands off. it's not military. it's defense contractors, welfare for people who make weapons that we don't need. most of our weaponry is ridiculous. it's for fighting the russians in 1978. we don't need that. what would make this country stronger is economics. that's where the future is. that's what makes a country strong. if you're not strong economically, you're not going to be- >> that's where america is increasingly weak by comparison. >> this is one reason. we could solve this debt deficit problem if we do two simple things. tax the rich like they were taxed, not a hell of a lot more, just like under clinton. and bring the troops home. not just from iraq and afghanistan but we have a half a million troops on bases. >> how many do chinese have? >> none, i don't think. >> may have hardly anything, they have no imperialistic ambition. >> this is not the way you achieve it in this world. not the 14th century. >> i was in shanghai. this dinism you felt. this young millionaire, 125,000 millionaires i
rage came out which the big magazine excerpt came out of 93 and the book came out in 94. not long after rage came out you saw changes in corporate america. you saw a small but interesting group begin to rise. you saw richard carson became the head of time warner and the head of american express. you saw change in the calculus. of course with the recent presidential election you saw something that many people of many colors felt never happened at least in our lifetime which was the election of a president identified as african-american. the other thing that happened which is something that i found interesting is in the years since that book came out a new generation has come along so a lot of the voices represented in rage are different from the voice is represented in "the end of anger". it is not just a couple words about that. even though i've settled 100 interviews for rage i did more for this book. in addition to interviews a conducted a couple surveys. i did a survey of the black alumni of harvard business school. 74 questions. and also survey of graduates called the better chance
for that big deal, grand bargain, seem all but lost right now. now the hope is that congress can pass a dramatically scaled-back version before the country runs out of cash. taking his case public for the second time in a week, president obama accused republicans of failing to crops. >> the problem is members of congress are dug in ideologically into various positions because they boxed themselves in with previous statements. >> reporter: with the clock ticking towards what the president described as armageddon, the first financial default in american history, they hold out hope that a big deal could still be struck. >> but in order to do that we've got to get started now. that's why i'm expecting some answers from all the congressional leaders. and sometime in the next couple of days. >> reporter: for the first time, the president publicly said he's considering asking wealthier seniors in medicare to pay more out of pocket. today in his weekly address mr. obama suspended that stance. >> simply put, it will take a balanced approach, shared sacrifice, and a willingness to make unpopula
a story saying that big mortgages are back. the financial times and its financial section has two stories of highlights, one talking about stress tests and you may have remembered those from a few years ago done in the united states to test the fiscal capabilities of u.s. banks. this takes a look at european banks. but the one story from new york this morning looks at city baverbing looking at their profits, surging 24% to $3.3 billion. city results mirrors jp morgan. we have been talking about the notion of comfroms when it comes to discussions about the debt and should congress members of the congress republicans primarily as far as these discussions go, and the president, compromise on their ideals when it comes to debt talks? all available for you to join us. e-mail and twitter as well. new jersey. go ahead. caller: good morning. i would just like to say that i wish that the congress would do like the president said and try to put aside their issues just this once. so that the country can be saved economically. i'm so tired of the posturing that they continue to do in the house of rep
serious about solving the big problem, and that was sort of the subject of my first book in 2007 looking ahead to the 2008 presidential race, and the big issues in education and health care, in energy, in the environment, jobs, and so on, and i think that you can really see that playing out in washington right now as we have this debate about the budget, and that this budget date in so many ways has become about paul ryan and his plan and his thinking of the budget, but that the idea that we as a nation can all agree that there is one guy in washington talking seriously about the budget is an indictment of everyone else in congress who is not, that we're sort of at this appointment where, oh, you want to talk about the budget? there's one guy who is taking this seriously. he's the one thinking about how to solve the budget problem, and, you know, these are huge issues. i mean, generational issues that are going to have to be solved one way or the other, and the fact that there is not a larger debate that involves more people on both sides of the aisle i think is a stunning indictment of
in august. so that has a big trickle-down effect. because now they won't be able to pay their bills. you think about the economy we're in. we're thinking about potentially going into another recession. if they can't pay their bills, it will affect their credit, the interest rates they're already paying, and potentially more fees. and it's going to hurt. >> the president already said. he said in an interview this week, i don't know if those checks, if we'll be able to send those checks out. another group we're talking about here. a couple of groups, government workers and unemployed. >> first with the government workers. we're talking about maybe a potentially 40% cut. this means a lot more furloughs. and keep in mind, we've already got employees that are furloughed right now. you're talking about, it could affect the military workers, any kind of government, federal government workers. we'll see cuts in rail systems, parks closing. different things. and we've been here before and seen this potentially happening. now we're really looking and facing that this could be real. >> you're menti
and his journalists. most of those calls are from democrats. murdoch is a big banger of republicans. if more momentum build into probes in the united states or even congressional hearings, there are cautionary tales for lawmakers. reports that the tabloids sometimes turn the tables on those who investigate them. most of those accounts date well to well before this scandal blew up in the media in recent weeks. the watchdog group tells us when british parliamentarians looks into the press a couple years ago he heard of allegations she were discouraged from repeatedly inviting rebekah brooks, one of the top execs, to testify. >> the allegation was, they were told, members of that select committee were told, do not invite her again. do not press this, do not push it, because if you do, you'll regret it, and that was made very clear to them. >> reporter: contacted by cnn, no comment on that allegation. are you concerned they might hit back at you and dig into your personal life or whatever? >> i'm not worried about my personal life nor am i worried about my next term. i've been here 27 y
and says that he is open to that idea of a community meeting. but ken, the big question is whether or not these two agents will be open to it and whether or not the agency itself will let those agency be in any community setting a precedent for other communities in america. >> thank you. >>> a 14-year-old danville girl sexually assaulted in a park and police are looking for the suspect who resembles this sketch. the girl says she was walking past the tennis courts at diablo vista park last night when the man embraced her and touched her inappropriately. the girl pushed the man away and ran to the family car. the suspect is about 5'2" and approximatel 60 years old. >>> san bruno police are looking for whoever vandalized dozens of cars overnight in the rolling wood neighborhood. someone broke side view mirror, bent antennae and damaged windshield wipers on at least 29 cars. neighbors say it's usually a quiet neighborhood. >> we have never had this problem. i mean, we have had a little bit of vandalism but nothing like this. >> so far, there are no suspects in the vandalism. >>> the n
it. unemployed and underemployed have limited health care. i don't see what the big deal is about a bipartisan panel that limits cost in medicare costs that are run away. >> it is happening, this rationing. it doesn't make any difference if the government gets involved. >> instead of government control how about free enterprise and produce more health care and do better delivery. david, this panel is unconstitutional. it has no review and in terms of what they do and the way they ration health care, the death panels. they will say certain procedures you don't get reimbursed for. it is right after the elderly. >>> and it is not just steve forbes saying this. democrat frank palon new jersey congressman said i never support today and i would certainly be in favorolis. >> democrat frank paul thereto one is a fool. rationing is a good thing. when your health care provider said you can use this network doctor or pay extra out that is rationing . when the co-pay went up. that is rationing. it is called an economic system and benefits you ration things. when 10 percent of the medicare ben
is planning a big fund-raiser for his birthday and that is creating a potential snag. set for august 3rd one day after the deadline to increase the debt limit on august 2nd. president might cancel the fund-raiser if a deal is not yet reached by that time. >> gregg: politically symbolic moment newt gingrich. running into a coroner he laughed off the incident but it may have hit close to home. a financial report showing gingrich is trailing other presidential con tern had tenders in raise money bringing in 2 s7b9 $1 million since entering the race. >> heather: new violence unfolding on the streets of syria reportedly opening fire on a group of protestors in damascus killing 28 people. the demonstration one of the largest ever held against the president there. reena ninan is live in jerusalem with us with details. >> human rights organizations say at least 28 people were killed in the protest on friday. despite the government crackdown it was the largest show of anti-government demonstrators since the unrest begin in march. >>> going to areas where the government has been most intense and shout
special interests and big corporations tax breaks that middle-class americans do not get. it is pretty simple. i do not think oil companies should continue to get big tax breaks when they make tens of billions in profits. i do not think hedge fund managers should pay taxes at a lower rate than their secretaries. i do not think it is fair to ask nothing of someone like me when the average family sees their income decline over the last decade. when many of you are just trying to stretch every $1 as far as it will go. we should not put the burden of deficit reduction on the backs of people who have already borne the brunt of this recession. it is not reasonable and it is not right. if we are going to have seniors, students, middle-class americans to separate, then we have to ask corporations and wealthy americans to share. we have to ask everyone to play their part because we are all a part of the same country. we are all in this together. i have put things on the table important to me and democrats, and i expect republican leaders to do the same. after all, we have worked together like t
by the president today? he made a big point of saying we are going to take the day off from the debt talks because it is so important and the sky is almost falling but we can take the day off. then he goes out there and pretty much to me he said the same thing he said on monday shared sacrifice and republicans are dug in to idealogically. anything new here? >> both sides were spending as much as they possibly could. i would say even according to the rasmussen poll, two thirds of americans want the cuts and tax increases. gallup, the number goes up to 75%. what president obama was saying and he is right a vast majority of americans want to see both >> steven, you jump in there. ha is not how i read gallup. i looked at the reporting and analysis of gallup and rasmussen and seems to be spun two different ways. what is the scoop here? >> depends on what poll you read and what they are talking about. this has been the spin from the white house is that every single poll is suggesting that people want their taxes raised. i don't think it is true. the president was on defensive today for another reason. h
's throats. guess what? you're paying for it. big stimulus bucks on diversity manuals, public schools in nebraska and wait until you hear what is in them. a new california law requiring schools to teach gay history. plus, get the chips ready and the beers on ice. it looks like we'll have a football season after all. "the five" starts right now. ♪ ♪ >> eric: did you hear? president obama says you're okay with them raising your taxes. >> this is not an issue of salesmanship to the american people. the american people are sold. >> eric: i don't ever recall saying go ahead and raise my taxes, mr. president. but obama is the one who says he is -- what did he say? add extra hundreds of thousands of dollars. raise his taxes. don't raise our taxes. >> bob: you and he are in the same income range. what he was talking about was the american people are sold when the polls show that they say should you tax wealthy people to help bring the deficit down? overwhelmingly the american people say yes. he was exactly right. obama says i make a lot of money and i should pay some of that money, more m
normally retails at $750. that sale lasted only a few hours and it turns out it was a big mistake on the part of sears. the retailer apologized and the error was caused by a third-party vendor and the offer will not be honored. anybody that already paid that $69? a full refund. >> the east bay getting rattled by an overnight earthquake. and this from mount tam. wheat will be right back. ♪ remember when... ♪ the sound of little feet was music, ♪ ♪ we danced to week to week, ♪ brought back the love, we found trust, ♪ ♪ vowed we'never give it up ♪ remember when... ♪ remember when... ♪ we said when we turned grey, ♪ ♪ when the children, grow up and move away, ♪ ♪ we won't be sad, we'll be glad, ♪ ♪ for all the life we've had, live from the kron 4 news station, this is the kron 4 news. >> our top stories this saturday morning police in danville arrested a suspect in a sexual assault involving a teenage girl. reports coming up. >> president obama issuing a warning to lawmakers pre- dawn that massive debt. and to stay off highway no. 405! that major roadwa
dollars, subsidies for gas and big oil. the tax for 2% -- >> if i may point out -- >> that's taxpayer money being spend. the definition of spending has to be broadened here otherwise the rules of engagement for compromise -- >> if i may point out something, please. >> go ahead. >> with the passage of obama care, it was the democrats and the president that took $575 billion out of that program. now we have a program that is too expensive to afford. it is an imperative that we put the spending issue, and every economist, liberal or conservative, every ratings agency says what we have to see from the congress of the united states is a plan for how to deal with this out of control federal spending. >> ten seconds from you representative grualba. >> $575 billion part of the health plan, ryan took complete credit as a deficit reduction, i find it interesting. ryan's budget, every republican in the house it's $6 trillion added to the debt. >> we do not have that problem we have a spending problem. >> we see an example of what's going on in capitol hill, we'll be talking about this later on t
and i don't think that working people need to be taxed, but when companies like ge pay no taxes and big oil have the tax breaks that they don't need, it's time to close some of those loopholes and i think we ought to stop the nonsense. >> kelly: let's hear from the other side. >> kelly, if i can jump in here, i agree with elliott in that we do have to resolve this. going over the cliff on this past august 2nd has some really negative consequences and we don't want to go there, don't want to do that so that's why we're trying another idea here, and on tuesday we'll pass the bill in congress which is cut cap and balance and we're proposing to cut spending, to have the spending limits, spending caps going forward, so an amount over which you, the government can't spend more money and have a balanced budget amendment. so, now, i would hope that the democratic colleagues will not just immediately reject this, but look at it. if you think we cut too much. propose a different number. if you think our spending caps are too low, tell us what kind of spending cap you might accept. do you like a b
on the tax code. he says we need to cut the tax breaks and deductions for wealthy americans and big corporations. >>> republican leaders continue to disagree with the president's stand on tax breaks. they say the government should focus on bigger spending cuts. >> our stands on the debt limit has been clear. there can be no tax hikes because tax hikes destroy jobs. we need real spending cuts. and real spending cuts that will exceed of the amount of increase in the debt limit. >> next week republicans say the house will vote on their bill. they call it cut cap and balance. they say it will balance the budget. it will also include a live in the debt ceiling. >>> good morning to you! waking up with gray skies out there. live look at the city and the bay bridge. even a little bit of drizzle around the bay area so if you're going to be outdoors early this morning, maybe a hat. temperatures this morning running a couple degrees warmer than yesterday. but with all that gray sky out there, and a little bit of a breeze, it's going to feel cool. mid-50s san francisco right now, 57 in oakland.
are seeing the heat wave with a big ridge of high pressure. southeast will see showers and thorps and gulf coast where we need it. >> maria, thank you very much. >> president obama just meeting with the dali llama in the white house that. visit outraged china which accused the spiritual leader of trying to get tibetian independence. they called for the preservation of the tibetian culture. >> president obama making a special call to the pace station. as atlantis mission draws to a close people are asking what is next. you will learn more after the break. stay with us . >> this is president obama, whom am i talking to. >> hello, mr. president. you are talk toth crew of the space shuttle atlantis. >> that is funny. i was dialing out per piz a. an accident doesn't have to slow you down. with better car replacement, available only with berty mutual auto insurance, if your car is totaled, we give you the money for a ca one model year newer. to learn more, visit us today. responsibility. what's your policy? toi switched to a complete0, multivitamin with more. only one a day women's 50+ advantage
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